Untethered: The History of Stablecoin Tether and How It Has Lost Its $1 Peg
Cointelegraph explores the history of stablecoin Tether, which is fighting to return to $1 per token Go to Source Powered by WPeMatico
BitFinex
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Report: Bitfinex Shifts Its Banking Business to Hong Kong-Based Bank of Communications
Bitfinex has reportedly shifted its banking business to Hong Kong, with U.S.-based Citibank as the intermediary bank for U.S. dollar wire transfers Go to Source Powered by WPeMatico
Bitfinex Introduces ‘New, Improved’ Fiat Deposit System Following Last Week’s Suspension
Major crypto exchange Bitfinex has introduced an “improved” fiat deposit system after temporary deposit suspension last week Go to Source Powered by WPeMatico
Bitfinex Introduces Top Secret Banking System
Bitfinex has restored the ability of customers to make fiat currency deposits. Details of its new deposit system remain shrouded in secrecy, however, with the exchange going to extraordinary lengths to conceal the identity of the bank(s) in question. Its “distributed” system, designed to circumvent censorship, has brought the critics out in full force. Also … Read more
The Daily: Tether Regains Ground, Coinbase Does Dublin
Today’s edition of The Daily starts where Monday’s left off: by looking at the latest on Tether, whose stablecoin anchors so much of the cryptoconomy. In related news, we detail Bitfinex’s banking situation and reveal why Coinbase has chosen Dublin to be its European headquarters. Also read: Tether Sheds Its Peg Tether Regains Ground The … Read more
The Fall of Tether and What It Means for the Cryptocurrency Markets
The demise of Tether has been a car crash in slow motion. An unswervable event that has played out over the course of months, it has reached a crescendo in the past 24 hours, with tether slipping significantly from its dollar peg. It is possible, perhaps even probable, that it will regain parity with the … Read more
The Daily: Tether Sheds Its Peg
What kind of a world are we living in when bitcoin and tether, two of the stablest currencies in the cryptosphere, break out at the same time? Bitcoin is headed north while tether has taken a tumble in events that are closely linked. Of course, there’s other news in this edition of The Daily, like … Read more
Crypto Exchange Bitfinex Suspends Fiat Deposits, Expects to Resume ‘Within a Week’
Crypto exchange Bitfinex has suspended all fiat currency wire deposits for the Euro, U.S. Dollar, Japanese Yen and Pound Sterling, says they will resume “within a week” Go to Source Powered by WPeMatico
Blockstream’s Liquid Sidechain Solution for Bitcoin Network Goes Live
The Liquid Network, a sidechain liquidity solution for the Bitcoin network, has generated its first block Go to Source Powered by WPeMatico
Crypto Exchange Bitfinex Denies Rumors of ‘Insolvency’ and ‘Banking Issues’
Major crypto exchange Bitfinex has responded to a recent swathe of online rumors, denying that the exchange is “insolvent” or facing banking issues Go to Source Powered by WPeMatico